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Receipts and Expenditures Record - 14230_175
Receipts and Expenditures Record - 14230_177

Religious Program Specialist 3 & 2, Module 02 Logistic Support and Financial Control
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the  latest  balance  in  the  checkbook.  Figure II-5-82   shows   the   balances   of   the   ROMAN CATHOLIC ACCOUNT ( ||content|| ,544.70), the PROTESTANT   ACCOUNT   ( ||content|| ,652.66),   and the   COMPOSITE   BALANCE   (,197.36). After   comparing   the   COMPOSITE   BALANCE (,197.36)  on  the  Receipts  and  Expenditures Record with the latest checkbook figure, the ad- ministrator would discover that a difference existed. The checkbook figure reflects that there is  ,147.36  in  the  CRP  chapel  fund  vice  the .197.36  shown  on  the  Receipts  and  Expendi- ture Record. There is a valid reason for this dif- ference!  Figure  II-5-83  shows  the  memorandum entry  m  which  the  petty  cash  fund  was  estab- lished   at   the   beginning   of   the   fiscal   year.   A check  was  written  for    which  reduced  the total  amount  in  the  checking  account  by  . However, this expenditure, for both the Roman  Catholic  and  Protestant  accounts,  was not subtracted from their respective accounts on the   Receipts and  Expenditures Record; therefore,   throughout   the   course   of   the   fiscal year,  the  checking  account  balance  was  always  less  than  the  composite  balance  shown  on the  Receipts  and  Expenditures  Record. The  following  arithmetic  functions  will  yield the figures necessary for completing this step: Roman  Catholic Protestant Receipts  and  Expendi- tures Record Petty Cash Fund Account Cash in Bank Group Roman  Catholic Protestant CRP Fund Cash in Bank $ 1,544.70 $ 1,652.66 –25.00 – 25.00 $ 1,519.79 ||content|| ,627.66 Account  Cash  in  Bank $ 1,519.70 + 1,627.66 ,147.36 In  the  first  problem,  the  administrator  simply subtracts  the    which  each  group  has  in  the petty  cash  fund  from  the  30  September  account balances   on   the   Receipts   and   Expenditures Record  to  yield  the  “account  cash  in  bank”  for the  Roman  Catholic  and  Protestant  accounts. The   resultant   differences   are   placed   in   the spaces   provided   under   ROMAN   CATHOLIC ACCOUNT   ( ||content|| ,519.70)   and   PROTESTANT ACCOUNT  ( ||content|| ,627.66).  In  the  second  problem, these  two  figures  are  added  and  the  total (,147.36)  is  inserted  in  the  TOTAL  column  of the  statement. The  NETPDC  Command  Religious  Program chapel  fund  has  a  balance  of  ,147.36  in  the checking  account  at  the  end  of  this  last  quarter of fiscal year 1980. 11.  PETTY  CASH—the  administrator  in- serts in the spaces provided under ROMAN CATHOLIC   ACCOUNT   and   PROTESTANT ACCOUNT.  These  two  figures  are  added  and the  total  ()  is  inserted  in  the  space  provided  in the  TOTAL  column  of  the  statement. 12.  OTHER—this  section  will  not  be  used for  this  application. 13.  NET  WORTH,  END  OF  PERIOD—in this section, the money in the petty cash fund is added to the checking account balance to obtain the  net  worth  of  the  fund  at  the  end  of  the period.  The  following  arithmetic  functions  will yield  the  figures  necessary  for  completing  this step. Roman  Catholic Protestant Cash in Bank $ 1,519.70 $ 1,627.66 Petty Cash + 25.00 +25.00 Net  Worth $ 1,544.70 $ 1,652.66 Group Net  Worth Roman  Catholic $ 1,544.70 Protestant + 1,652.66 CRP Net Worth ,197.36 In the first problem, the administrator adds the which each group has in the petty cash fund to  the  checkbook  balance  to  determine  each  ac- count’s  net  worth.  The  totals  are  placed  in  the spaces   provided   under   ROMAN   CATHOLIC ACCOUNT   ( ||content|| ,544.70)   and   PROTESTANT ACCOUNT  ( ||content|| ,652.66).  In  the  second  problem, these   two   figures   are   added   and   the   total (,197.36)  is  inserted  in  the  TOTAL  column  of the  statement. 5-42







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